U.S. President Donald Trump had announced a 25% tariff on Canada & Mexico a few days before. The markets toppled then but bounced back heavily, attracting over $300 billion in liquidity after validating a crypto strategic reserve.
The price of Bitcoin (BTC) has now erased all of its gains since the announcement of a cryptocurrency reserve that took place on Sunday.
Welcome to Latam Insights Encore, a deep dive into Latin America's most relevant economic and crypto news from the past week. This edition examines how the dynamics between the IMF and the Salvadoran government can serve as a framework for countries seeking to engage with bitcoin and the institution.
Bitcoin price fell below $83,000 as traders reacted to President Donald Trump's confirmation that new tariffs on Canada and Mexico will take effect on March 4. The leading cryptocurrency is down 10% on Tuesday, Mar.
The recent declaration by Donald Trump regarding the creation of a U.S. strategic crypto reserve has ignited a wave of debate, especially surrounding the inclusion of Ripple's [XRP]. While Bitcoin [BTC] was expected to be part of this reserve due to its recognition as “digital gold,” the choice to include XRP raised eyebrows, with some critics questioning its legitimacy.
According to a recent Quicktake post by CryptoQuant analyst abramchart, short-term Bitcoin (BTC) investors are incurring losses, suggesting that the crypto market may have hit its bottom and a trend reversal could be on the horizon. Has Bitcoin Bottomed?
Crypto prices today (March 4): Bitcoin (BTC) price once again crashed to the $83K level on Tuesday, reversing recent gains post-Donald Trump's crypto reserve announcement. Ethereum (ETH), XRP, and Solana (SOL) prices also crashed 14%-20% intraday.
Ripple's XRP is currently down by more than 18% and is trading at $2.30 levels. The broader market sentiment has turned red after a brief rally which saw Bitcoin hitting $95k. According to analyst Josh of Crypto World, XRP is following the trends of Bitcoin and the broader stock market.
Based on historical records, after every Bitcoin (BTC) bull run, a bear market hits, and this cycle may be no different. Analysts forecast that the upcoming bear market may see the price of Bitcoin dropping as low as $25,000.
The price of bitcoin (BTC) plunged to $82,618 per coin as of 9 p.m. Eastern Time on Monday, marking a significant downturn in the broader cryptocurrency market. The total crypto economy has contracted by more than 12% against the U.S. dollar, now valued at $2.72 trillion.
XRP price started a fresh decline from the $3.00 resistance. The price is up down over 20% and might extend losses below the $2.20 support.
Despite recovering from bearish lows following its recent uptick, a crypto analyst has predicted that the XRP price could undergo a further decline in its price to $1.5. The analyst has pinpointed a critical resistance level that XRP will need to hold lest it crashes to new lows and eradicates recent gains.
Although Bitcoin (BTC) managed to recover most of its losses over the weekend after tumbling as low as $78,258 on February 28, the premier cryptocurrency has created a massive new Chicago Mercantile Exchange (CME) gap, raising concerns that the digital asset may witness another pullback to the low $80,000 level.
On March 3, 2025, President Donald Trump announced the creation of a U.S. strategic cryptocurrency reserve. This reserve will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Following the announcement, XRP's value surged from $2.23 to $2.99. But can the ongoing legal battle with the U.S.
Critics say the "future" reserve will turn Bitcoin-only, rejecting Trump's altcoin-friendly stance.
Bitcoin price started a fresh decline from the $95,000 resistance zone. BTC is back below $90,000 and might continue to move down.
Bitcoin surged past $95,000 during low-liquidity trading hours on Sunday after US President Donald Trump made a major announcement. The formation of a US Crypto Strategic Reserve, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), set the market ablaze with speculation.
The founder and CEO of the analytics firm CryptoQuant has pointed out how the latest Bitcoin rally saw buying from the Coinbase exchange whales.
Nations delaying Bitcoin reserves risk losing financial autonomy and geopolitical power, highlighting the urgency of strategic crypto adoption. The post Cameron Winklevoss urges nations to stockpile Bitcoin before it's too late appeared first on Crypto Briefing.
Robert Kiyosaki warns of a financial collapse, calling the U.S. dollar a scam. Bitcoin, gold, and silver are his top picks to protect wealth. The post Robert Kiyosaki Says the US Dollar Is a ‘Scam' – Is Bitcoin the Only Safe Haven? appeared first on Cryptonews.
Many industry leaders argue Bitcoin alone should be the basis of a strategic reserve, given its decentralized nature and global acceptance.
Bitcoin's market cap will explode from $2 trillion to $200 trillion, Michael Saylor predicts, as capital from China, Russia, Europe, Africa, and Asia fuels its rise.
Fundstrats head of research, Tom Lee, shared his Bitcoin outlook on CNBCs Squawk Box, stating that BTC is likely to bottom out this week along with the equities market. He remains bullish, predicting Bitcoin will exceed $150,000 in 2025.
XRP fell 10.28% on Monday, marking its biggest one-day loss since March 3. Trading at $2.5090 by 13:28 (18:28 GMT) on the Investing.com Index, the price drop pushed XRPs market cap down to $149.27 billion, accounting for 5.08% of the total cryptocurrency market.
Bitcoins momentum is shifting as it stages a strong rebound above a critical support level. Despite a sharp sell-off that briefly breached the sideways trading channel, sellers failed to sustain control below $92,000, signaling weakening bearish pressure.
Japanese investment firm Metaplanet has reinforced its Bitcoin accumulation strategy, acquiring 156 BTC during the recent market dip between Feb. 18 and Feb. 28. The firm announced this move via an official X post, capitalizing on Bitcoins temporary decline to a monthly low of $78,942 on Feb. 28.
Bitcoins volatility continues to shake the crypto market. After surging 10% to $93,604 yesterday, BTC reversed course, dropping 5% to $89,100 today.
Bitcoin's price has recently experienced notable volatility, driven by significant market developments and investor activity. Following an initial decline in recent days, BTC surged above $94,000 on Sunday.
CoinShares, a major European digital asset manager, recently published a significant report detailing the largest weekly outflows of crypto asset investment products on record. The data reveals that over $2.9 billion was withdrawn within the past week, pushing the three-week outflow total to $3.8 billion.
Donald Trump's Crypto Reserve has received considerable skepticism from the crypto community. Rather than a stand-alone Bitcoin Reserve, he is proposing to fill a national reserve with XRP, Cardano, and other US-based tokens.
XRP retraced most of its recent “Trump pump” and data shows whales selling their positions.
The cryptocurrency market's focus has once again shifted to Bitcoin as it looks to regain its bullish momentum. A significant recovery ensued following a steep correction that saw Bitcoin momentarily fall below $92,000, driven by the U.S. announcement of a strategic crypto reserve.
President Trump's plan to create a strategic reserve of altcoins—and not solely Bitcoin—is puzzling analysts at Bernstein.
Ray Dalio warned that the U.S. faces a potential debt crisis within three years if deficits remain unchecked. He suggested that investors may turn to Bitcoin and gold as alternative stores of value. Dalio emphasized the risk of declining confidence in U.S. Treasuries and urged policymakers to take immediate action. The post Ray Dalio Believes Bitcoin Could Play a Big Role in Wealth Protection appeared first on Cryptonews.
Bitcoin's price is poised to exceed $150,000 in 2025, according to Tom Lee, the co-founder and head of research at Fundstrat Global Advisors. Speaking on CNBC's Squawk Box on March 3, Lee expressed a highly optimistic outlook for the cryptocurrency, predicting significant gains for Bitcoin in the year ahead.
After a week of notable crashes, Bitcoin has again seen life breathed into its price trajectory and has reclaimed its mark above $90,000. The major primer for the return of bullish momentum was the announcement of a US crypto strategic reserve by President Donald Trump over the weekend, which could be the beginning of an extended rally for Bitcoin and other cryptocurrencies.
Bitcoin's price swings have been influenced by exchange flows and increasing activity in new wallet addresses.
Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor voiced strong support for President Donald Trump's proposed strategic crypto reserve, calling it potentially “the greatest economic program of the 21st century.
U.S. President Donald Trump's decision to include leading altcoins in the proposed U.S. strategic cryptocurrency reserve has elicited sharp reactions both in favor of the move and opposing it. Among those responses, U.S.
President Donald Trump's March 3, 2025, proposal to impose 25% tariffs on imported agricultural goods triggered sharp volatility in cryptocurrency markets, with bitcoin's price oscillating between $85,101 and $93,695 amid broader financial turbulence. Trump Giveth and Then Taketh Away—All Eyes Are on the U.S.
CEO Simon Gerovich confirmed the latest bitcoin buy at an average of $85,890 per BTC , as it aims for 10,000 by 2025 and 21,000 by 2026.
XRP price is consolidating within a Wave 4 formation, maintaining a structured pattern that aligns with technical expectations. The top altcoin has bounced off a key support level, now forming a triangle pattern, suggesting a period of price compression before a breakout.
President Donald Trump's influence is being felt in the crypto markets, with coins falling alongside stocks ahead of tariffs taking effect.
Crypto analysts suggest that the XRP price is nearing a breakout zone following an influx of institutional investors. The next point for the asset is the $2.77 mark, leading to higher price action.
A crypto trader made $6.8M in 24 hours after executing 50x leveraged BTC and ETH trades.
White House AI and crypto czar David Sacks confirmed he owns no crypto assets, having sold off everything before US President Donald Trump took office.
Bitcoin (BTC) price declined further after a prolonged correction wiped out previous gains. The crypto market remains in the red zone, with intense sell pressure and negative sentiments impacting asset prices.